Berliner Boersenzeitung - Can the FANB shield Maduro?

EUR -
AED 4.279356
AFN 77.342596
ALL 96.588267
AMD 445.245914
ANG 2.085849
AOA 1068.528103
ARS 1684.920478
AUD 1.758327
AWG 2.098895
AZN 2.000098
BAM 1.955554
BBD 2.352214
BDT 142.892029
BGN 1.955743
BHD 0.439286
BIF 3450.584485
BMD 1.165243
BND 1.512462
BOB 8.069985
BRL 6.188594
BSD 1.167858
BTN 104.909256
BWP 15.515982
BYN 3.380989
BYR 22838.771667
BZD 2.348815
CAD 1.624915
CDF 2598.493062
CHF 0.936046
CLF 0.027259
CLP 1069.37901
CNY 8.240193
CNH 8.235265
COP 4424.417736
CRC 572.625526
CUC 1.165243
CUP 30.878951
CVE 110.251134
CZK 24.189639
DJF 207.974736
DKK 7.468849
DOP 74.210348
DZD 151.576082
EGP 55.433829
ERN 17.478652
ETB 182.104716
FJD 2.635811
FKP 0.874078
GBP 0.872977
GEL 3.147734
GGP 0.874078
GHS 13.303327
GIP 0.874078
GMD 85.062585
GNF 10148.115621
GTQ 8.945913
GYD 244.339271
HKD 9.070704
HNL 30.750001
HRK 7.530381
HTG 152.976012
HUF 382.036136
IDR 19419.364756
ILS 3.765047
IMP 0.874078
INR 104.87832
IQD 1529.914154
IRR 49085.880544
ISK 149.011092
JEP 0.874078
JMD 187.165658
JOD 0.826133
JPY 180.489235
KES 150.723926
KGS 101.900195
KHR 4677.552222
KMF 491.733124
KPW 1048.710785
KRW 1714.28866
KWD 0.357567
KYD 0.973282
KZT 590.298294
LAK 25334.922447
LBP 104583.895701
LKR 360.496209
LRD 206.13496
LSL 19.825192
LTL 3.440661
LVL 0.704844
LYD 6.348229
MAD 10.775645
MDL 19.865587
MGA 5194.324444
MKD 61.632249
MMK 2446.898083
MNT 4137.528116
MOP 9.363463
MRU 46.272982
MUR 53.682574
MVR 17.956659
MWK 2025.136618
MXN 21.224828
MYR 4.788568
MZN 74.461422
NAD 19.825192
NGN 1689.89492
NIO 42.97607
NOK 11.773968
NPR 167.85317
NZD 2.018942
OMR 0.448036
PAB 1.167953
PEN 3.927406
PGK 4.953526
PHP 68.743516
PKR 329.927022
PLN 4.228238
PYG 8099.016174
QAR 4.268663
RON 5.09165
RSD 117.397105
RUB 88.493403
RWF 1699.278998
SAR 4.373004
SBD 9.582756
SCR 15.836503
SDG 700.891918
SEK 10.96772
SGD 1.509221
SHP 0.874234
SLE 26.800929
SLL 24434.570407
SOS 666.313342
SRD 45.029085
STD 24118.186847
STN 24.497865
SVC 10.218759
SYP 12883.973776
SZL 19.819422
THB 37.148464
TJS 10.732896
TMT 4.078352
TND 3.428084
TOP 2.805627
TRY 49.555241
TTD 7.918038
TWD 36.421782
TZS 2843.194009
UAH 49.242196
UGX 4140.47927
USD 1.165243
UYU 45.754442
UZS 13912.250317
VES 289.663092
VND 30718.730513
VUV 142.29241
WST 3.263056
XAF 655.8717
XAG 0.020092
XAU 0.000276
XCD 3.149128
XCG 2.104844
XDR 0.815694
XOF 655.877327
XPF 119.331742
YER 277.795391
ZAR 19.73052
ZMK 10488.581818
ZMW 26.831741
ZWL 375.207916
  • RBGPF

    0.0000

    78.35

    0%

  • CMSC

    0.0400

    23.48

    +0.17%

  • RYCEF

    0.4600

    14.67

    +3.14%

  • RIO

    -0.5500

    73.73

    -0.75%

  • RELX

    0.3500

    40.54

    +0.86%

  • NGG

    -0.5800

    75.91

    -0.76%

  • AZN

    -0.8200

    90.03

    -0.91%

  • VOD

    0.0500

    12.64

    +0.4%

  • GSK

    -0.4000

    48.57

    -0.82%

  • CMSD

    -0.0300

    23.32

    -0.13%

  • SCS

    -0.1200

    16.23

    -0.74%

  • BCC

    -2.3000

    74.26

    -3.1%

  • BP

    -0.0100

    37.23

    -0.03%

  • BTI

    0.5300

    58.04

    +0.91%

  • JRI

    0.0500

    13.75

    +0.36%

  • BCE

    0.0400

    23.22

    +0.17%


Can the FANB shield Maduro?




Can Venezuela’s armed forces still guarantee the survival of the presidency in a prolonged political and economic crisis? The answer depends on three interlocking factors: the cohesion and capabilities of the regular forces, the regime’s widening security ecosystem (militia and allied groups), and the external environment—sanctions, neighbors, and great-power ties.

Order of battle vs. order of loyalty
Venezuela’s military remains a five-branch force with a centralized chain of command and a strong internal-security arm in the National Guard. Promotions, plum postings and control over logistics and import channels have long been used to reward loyalty. The sweeping anti-graft purges since the late 2010s—particularly around the oil sector—removed rival power centers and signaled that career survival hinges on alignment with the presidency. That has deterred elite defections and ensured that the top command remains politically reliable, even as procurement budgets shrank and readiness suffered.

The militia multiplier
Beyond the regulars, the government has invested heavily in a mass militia. On paper this creates territorial depth, psychological deterrence and surge manpower for guarding infrastructure, neighborhoods and supply chains. In practice, militia units vary widely in training and equipment. Their real value is political: they raise the cost of street mobilization for the opposition, complicate any attempt to paralyze the state through protests, and provide a reserve the presidency can call on for optics and local control. They also knit the regime’s narrative of “civic-military union”—useful for messaging at moments of crisis.

Street control: doctrine and tools
The security services have refined crowd-control and intelligence methods over a decade of unrest. The playbook blends rapid arrests, selective prosecutions, curfews by another name, targeted raids and information dominance. Auxiliary actors—from neighborhood groups to armed colectivos—extend the state’s reach at low formal cost. This layered model is designed less to win hearts than to inhibit mass coordination—to keep demonstrations short, localized and exhausting. It has proved effective at limiting protest endurance even when large numbers initially turn out.

Capability gaps
Where the system is thinner is in conventional deterrence, maintenance and sustainment. Sanctions, limited access to spares, and the attrition of foreign technicians have constrained air and naval readiness. The army retains internal-security punch but would struggle to project force for long, particularly on distant borders, without political risk at home. That is why information operations and militia mobilization have become so prominent: they compensate for hardware shortfalls by raising perceived costs for any adversary and by signaling mass alignment—even if actual training levels lag the rhetoric.

The regional chessboard
External pressure cuts both ways. Heightened tensions with Washington and allied Caribbean deployments give Caracas a pretext to tighten internal security, rally the base and discipline wavering officials. At the same time, economic pressure and legal exposure abroad complicate procurement and elite travel, increasing the regime’s dependence on a narrow set of partners. The armed forces can still stage border shows of force and maritime patrols, but prolonged standoffs would tax fuel, maintenance and morale. Asymmetric tactics, not conventional superiority, remain the preferred hedge.

What could break the shield?
Fragmentation at the top. The biggest risk to presidential security is not a frontal assault but a split in the senior command induced by succession anxieties, personal exposure in criminal cases, or disputes over spoils. Purges have reduced that risk—but have not eliminated it.

Synchronized urban pressure. The security architecture is built to suppress rolling protests. Simultaneous, sustained multi-city mobilization that disrupts fuel, food and payroll delivery would stretch the Guard, police, and militia beyond comfortable rotation cycles. Security-service overreach. Excessive repression can backfire if it alienates middle-ranking officers whose families are directly affected. Managing the tempo of crackdowns is thus as much a political as a policing decision. Economic shock. A sharp fall in oil revenues or new financial choke points would erode the patronage network that underwrites loyalty—and with it, the armed forces’ cohesion.

Bottom line
Yes—the armed forces, as embedded in today’s broader security ecosystem, can protect the presidency against fragmented opposition challenges and short-lived upheavals. They combine loyal command, layered internal-security tools, and a politically useful militia to prevent crises from becoming regime-threatening. But their shield is resilience through control, not surplus capacity. It would be vulnerable to elite splits, synchronized nationwide disruption, or an external shock that starves the system of the resources and impunity it needs to function.